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Form, approval, amendment, and term of shareholder agreements.

SDCL § 47-1A-732.1
in effect
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47-1A-732.1. Form, approval, amendment, and term of shareholder agreements. Any agreement authorized by § 47-1A-732 shall be: (1) Set forth in the articles of incorporation or bylaws and approved by all persons who are shareholders at the time of the agreement, or in a written agreement that is signed by all persons who are shareholders at the time of the agreement and is made known to the corporation; (2) Subject to amendment only by all persons who are shareholders at the time of the amendment, unless the agreement provides otherwise; and (3) Valid for ten years, unless the agreement provides otherwise. SL 2005, ch 239, § 117.
Source: South Dakota Legislature (sdlegislature.gov)URL: https://sdlegislature.gov/Statutes/47-1A-732.1Fetched: 10/20/2026

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